Income Tax

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Income Tax shall be char​ged (Prior to April 1, 2018) in accordance with the provisions of the Inland Revenue Act, No. 10 of 2006 and subsequent amendments.

The Inland Revenue Act provides the legal authority to charge and recovery of Income Tax on the profits and income of every person or partnership for the year of assessment. In the case of a person who is resident in Sri Lanka is chargeable with Income Tax in respect of profits and income wherever arising. The liability to Income Tax therefore extends to the global income. 

In case of a non-resident person Income Tax shall be charged only on profits and income arising in or derived from Sri Lanka.

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